A CHEXcollect Gets You Your Money!
When your customer bounces a check, your bank forwards the returned check directly to CHEXcollect. CHEXcollect enters the check into a database and re-submits it electronically via the ACH network. The offenders account is monitored for 60 days. As soon as the account is funded your new electronic debit has priority at the receivers bank and clears first.
When the funds are collected and released, you receive 100% face value of the check.
Your customers don't have to:
- Bring you a money order or cashier's check.
- Receive a threatening collection letter.
- Answer an uncomfortable phone call.
- Go through the embarrassment!
Our electronic collection process is much faster and more convenient than any other method available, and it will work on any bank in the U.S. and its territories.
And now with CHEXcollect, collecting out-of-town checks has never been easier!
CHEXcollect Works!
- Collected and released checks are paid instantly.
- Checks are processed from any bank in the U.S. Federal Reserve Banking System.
- Out-of-town checks are handled as easily as local checks.
- Works directly with customer's bank to settle funds.
- Works for any business, anywhere that accepts checks for payment.
- With CHEXcollect you will never have to spend your valuable time and money collecting bounced checks. The best thing about CHEXcollect is that there is no collection cost to you. The customer who bounced the check takes responsibility for the cost of collecting the funds, not you!
The CHEXcollect Advantage:
- No monthly fees
- No annual fees
- No statement fees
- No FEES at all
- No limit on number of checks
- Eliminates high cost of guarantee service
- No special equipment needed
- No long-term contracts to sign
- CHEXcollectis a Win-Win Situation!
Your customers will benefit, because bouncing a check is an embarrassing thing that no one likes to handle in person. CHEXcollecthandles it for them quietly. CHEXcollect notifies your customer's bank of the ACH transaction and adds it to his or her statement.
Successful enterprises focus on their core business. CHEXcollect solves your NSF problems so you can do just that. You can finally stop chasing down bad checks and concentrate on your business instead.
CHEXcollect will provide signage that spells out a check writer's responsibility to honor his or her check. We provide all the materials you need to get the program started right away.
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